Stephens Inc. AR Invests $508,000 in Archrock, Inc. $AROC

Stephens Inc. AR bought a new position in shares of Archrock, Inc. (NYSE:AROC) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 19,532 shares of the energy company’s stock, valued at approximately $508,000.

A number of other hedge funds also recently made changes to their positions in the business. Crossmark Global Holdings Inc. raised its stake in shares of Archrock by 3.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 10,290 shares of the energy company’s stock worth $268,000 after purchasing an additional 366 shares during the period. Sound Income Strategies LLC raised its stake in shares of Archrock by 71.0% during the 4th quarter. Sound Income Strategies LLC now owns 971 shares of the energy company’s stock worth $26,000 after purchasing an additional 403 shares during the period. Allworth Financial LP raised its stake in shares of Archrock by 3.0% during the 3rd quarter. Allworth Financial LP now owns 15,030 shares of the energy company’s stock worth $395,000 after purchasing an additional 436 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Archrock by 1.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 40,086 shares of the energy company’s stock worth $1,043,000 after purchasing an additional 500 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of Archrock by 0.7% during the 1st quarter. Royal Bank of Canada now owns 95,866 shares of the energy company’s stock worth $2,514,000 after purchasing an additional 667 shares during the period. 95.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Weiss Ratings upgraded Archrock from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 6th. Raymond James Financial reiterated an “outperform” rating and set a $46.00 target price on shares of Archrock in a research note on Thursday, May 7th. Royal Bank Of Canada lifted their target price on Archrock from $32.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, March 16th. Wall Street Zen lowered Archrock from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Finally, Mizuho lifted their price objective on Archrock from $32.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $40.86.

Archrock Trading Down 1.0%

Shares of AROC opened at $36.91 on Friday. The business has a 50-day moving average of $36.44 and a 200 day moving average of $30.90. Archrock, Inc. has a fifty-two week low of $21.17 and a fifty-two week high of $40.12. The firm has a market cap of $6.47 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 1.59 and a beta of 0.94. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.91 and a current ratio of 1.41.

Archrock (NYSE:AROC) last announced its quarterly earnings data on Tuesday, May 5th. The energy company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.05). The firm had revenue of $373.77 million during the quarter, compared to analysts’ expectations of $378.36 million. Archrock had a return on equity of 22.89% and a net margin of 21.45%.Archrock’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, research analysts forecast that Archrock, Inc. will post 1.95 EPS for the current year.

Archrock Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 12th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, May 12th. Archrock’s payout ratio is presently 47.83%.

Insider Buying and Selling at Archrock

In other Archrock news, SVP Jason Ingersoll sold 33,000 shares of Archrock stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $38.19, for a total transaction of $1,260,270.00. Following the completion of the transaction, the senior vice president owned 277,454 shares of the company’s stock, valued at $10,595,968.26. The trade was a 10.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Doug S. Aron sold 98,050 shares of Archrock stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $34.76, for a total value of $3,408,218.00. Following the transaction, the chief financial officer directly owned 484,337 shares of the company’s stock, valued at $16,835,554.12. The trade was a 16.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 337,963 shares of company stock valued at $12,244,277 in the last quarter. 2.90% of the stock is currently owned by corporate insiders.

About Archrock

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.